Tiimely Home home loans

Tiimely Home (formerly Tic:Toc) is an online-only lender that offers a completely online application process. Applicants can apply any time from their phone or computer and can have approval on the same day. Tiimely Home doesn’t charge application fees, valuation fees or loan processing fees. Borrowers can choose between variable rate and fixed rate loans, with offset accounts available for both. Repayments can be made weekly, fortnightly or monthly. Note that Tiimely Home is backed by Bendigo & Adelaide Bank.

Mark Bristow

Personal Finance Editor

Content updated

17 Nov, 2023

Product data updated

23 Nov, 2024

Why choose Tiimely Home

Benefits

Offset accounts
Loans can be approved, with a contract, same-day
No application fees, valuation fees or loan processing fees

Drawbacks

No face-to-face contact or branch access
Maximum loan-to-value ratio (LVR) of 90 per cent
Doesn't offer specialty loans

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

How to Apply

Borrowers wanting to apply for Tiimely Home home loans should know that the process is 100 percent online, though if they need any assistance there is a customer service phone number available. Before applying for an Tiimely Home home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an Tiimely Home home loan, you may to supply the following information:

Proof of identity
Australian citizenship or permanent residency. You must also live in Australia
Proof of income
Internet banking logins or at least 3 months of transactional statements
Have a 10% deposit

Tiimely Home home loan rates

Tiimely Home mortgage rates are typically on the lower side for both owner-occupiers and investors, compared to the Big Four Banks.Tiimely Home is an online-only lender, so it doesn’t have to maintain the expensive branch networks run by traditional banks, which means it can undercut them on interest rates. They also offer fewer frills than large banks, making it easier to charge their customers lower rates.

Tiimely Home home loan rates vary from product to product. While most of Tiimely Home's interest rates tend to fall between very low and moderately low, investors do pay higher rates than owner-occupiers. As a general rule, principal-and-interest borrowers are offered lower rates than interest-only borrowers, and variable home loans have lower rates than fixed home loans.

Tiimely Home home loans review

Tiimely Home home loans are perhaps better suited to customers looking for a competitive interest rate, and do not rely on face-to-face customer service. Home loans offered by Tiimely Home are relatively no-frills, and in return, they tend to have low interest rates and low fees.

Tiimely Home does not operate any bank branches, so their mortgages are only suitable for those who are comfortable with their customer service living 100% online and over the phone.

Tiimely Home does not charge an application fee or monthly administration fees. There is no charge for redraw, though customers do pay a monthly fee for offset accounts. Customers are permitted free unlimited additional repayments.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Tiimely Home home loans

Why choose Tiimely Home

Benefits

Drawbacks

Tiimely Home Home Loans